The cryptocurrency market is showing cautious momentum, with total market capitalization dipping 0.05% to $3.88 trillion in the past 24 hours. Trading volume, however, rose 1.61% to $147.03 billion, indicating active participation despite the minor pullback. The Crypto Fear & Greed Index stands at 43, reflecting a neutral sentiment.
Bitcoin and Ethereum Price Movements
Bitcoin ($BTC) fell 0.44% to $111,480.19, maintaining a market dominance of 57.3%. Ethereum ($ETH) slipped 0.10% to $4,306.10, with a market dominance of 13.4%.
Top Gainers of the Day
Leading gainers include MAGA ($PEOPLE), NOT ($CAT), and Robinhood ($HOOD). $PEOPLE surged 459.17% to $0.000006333, $CAT jumped 434.15% to $0.0003004, and $HOOD climbed 381.63% to $0.005300.
DeFi and NFT Market Trends
Total value locked (TVL) in DeFi rose 0.02% to $154.024 billion. Aave, the top DeFi protocol by TVL, dipped 0.20% to $39.652 billion. MiaSwap recorded the largest 1-day TVL change, skyrocketing 110,353% in 24 hours. In contrast, NFT sales volume fell 18.73% to $15.4 million, though the top-selling collection, Courtyard, saw a 14.69% increase to $1.657 million.
Other Market Developments
Alt5 Sigma replaced Eric Trump with Zak Folkman as an executive due to compliance concerns following an SEC filing. Cathie Wood sold Robinhood shares while increasing exposure to Ethereum. Additionally, the first U.S. $DOGE ETF is set to launch Thursday, marking the debut of a fund holding an asset without direct utility.
Fundfa View
The market’s slight dip alongside rising trading volume suggests cautious optimism. While DeFi TVL remains stable and certain altcoins post massive gains, the drop in NFT sales highlights shifting investor focus. Upcoming events, such as the $DOGE ETF launch, could influence short-term sentiment.